* A former Goldman Sachs managing director, Joseph Jiampietro, is suing the Federal Reserve, claiming that the regulator is taking too long in deciding on the executive's lifetime ban from the banking industry, Reuters reports.
* Goldman Sachs is creating an app, which will be called Jupiter, that would help assess other companies' susceptibility to activist investors, Bloomberg News reports.
* A U.S. district judge agreed to issue a final approval of a $142 million agreement to settle a class action lawsuit against Wells Fargo over the widespread illegal opening of fake accounts in the company.
* Bank of America CEO Brian Moynihan said that BofA could see a $2 billion year-over-year boost in its net interest income in 2018, citing loan growth due to tax reform and higher interest rates.
* Ally Financial remained the largest auto lender among U.S. banks and thrifts in the first quarter, with $61.85 billion in loans as of March 31, according to S&P Global Market Intelligence.
* Asset manager Trius Investments is selling its TRU Investments unit to PVR Holdings for $725,000 in cash.
* Legg Mason is close to reaching a settlement with the U.S. Department of Justice and the Securities and Exchange Commission over the regulators' investigation on the activities of the asset manager's former subsidiary in Libya.
* Santander Consumer USA's stock declined 6.50% on May 30, following news that Fiat Chrysler Automobiles is planning to create its own finance unit in the U.S.
* Credit union-built fintech Constellation Digital Partners, which aims to create a platform supporting multiple apps for digital banking, is expected to have live users by July or August, CUInsight.com reports.
* Universal Insurance Holdings units Universal Property & Casualty Insurance and American Platinum Property and Casualty Insurance have completed their 2018-2019 reinsurance programs, effective June 1.
* A U.S. district judge dismissed a securities class action lawsuit alleging that Citizens Inc. made misleading statements about how it invested funds from its insurance policies.
* Qatar Reinsurance is suspending the underwriting of new and renewal business for facultative lines in Dubai, The Insurance Insider reports.
The Daily Dose has an editorial deadline of 6:30 a.m. ET. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.
